Showing 1 - 10 of 28
The quadratic scoring rule (QSR) is often used to guarantee an incentive compatible elicitation of subjective probabilities over events. Experimentalists have regularly not been able to ensure that subjects fully comprehend the consequences of their actions on payoffs given the rules of the...
Persistent link: https://www.econbiz.de/10008487469
The quadratic scoring rule (QSR) is often used to guarantee an incentive compatible elicitation of subjective probabilities over events. Experimentalists have regularly not been able to ensure that subjects fully comprehend the consequences of their actions on payoffs given the rules of the...
Persistent link: https://www.econbiz.de/10008456323
Economists have been theorizing that other-regarding preferences influence decision making. Yet, what are the corresponding psychological mechanisms that inform these preferences in laboratory games? Empathy and Theory of Mind (ToM) are dispositions considered to be essential in social...
Persistent link: https://www.econbiz.de/10008511334
Often in cooperative situations, many aspects of the decision-making environment are uncertain. We investigate how cooperation is shaped by the way information about risk is presented (from description or from experience) and by differences in risky environments. Drawing on research from risky...
Persistent link: https://www.econbiz.de/10010565810
The ultimatum game (UG) is widely used to study human bargaining behavior and fairness norms. In this game, two players have to agree on how to split a sum of money. The proposer makes an offer, which the responder can accept or reject. If the responder rejects, neither player gets anything. The...
Persistent link: https://www.econbiz.de/10010817404
Experiments using economic games are becoming a major source for the study of human social behavior. These experiments are usually conducted with university students who voluntarily choose to participate. Across the natural and social sciences, there is some concern about how this...
Persistent link: https://www.econbiz.de/10010817436
The study shows that subjects who set their minimum acceptable offer equal to zero in an ultimatum game (UG) are the most generous dictators in a dictator game. The finding implies that interpreting indiscriminately the acceptance of low UG offers as payoff maximization can be misleading and...
Persistent link: https://www.econbiz.de/10010819760
The rejection of unfair proposals in ultimatum games is often quoted as evidence of other-regarding preferences. In this paper we focus on those responders who accept any proposals, setting the minimum acceptable offer (MAO) at zero. While this behavior could result from the randomization...
Persistent link: https://www.econbiz.de/10010990739
We show that subjects who set their minimum acceptable offer to zero in an ultimatum game are the most generous players in a dictator game. This finding challenges the interpretation of the acceptance of low offers as payoff-maximizing behavior.
Persistent link: https://www.econbiz.de/10011041817
Many risky actions are carried out under the influence of alcohol. However, the effect of alcoholic intoxication over the willingness to take risks is complex and still remains unclear. We conduct an economic field experiment in a natural, drinking and risk-taking environment to analyze how both...
Persistent link: https://www.econbiz.de/10010547989